article thumbnail

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

Operable capacity for the refineries is 17,789,010 barrels per calendar day in 2022, down from 18,976,085 in 2020. Monthly data from the EIA shows that crude oil is 60% of the price of gasoline, 17% is refining costs, 12% is federal and state taxes, and 11% is distribution and marketing. As of 10 June, EIA reported 93.7%

Congress 259
article thumbnail

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., An ever-expanding backlog of investment needs is the price of our failure to maintain funding levels—and the cost of these investments grows as we delay. of GDP today.

article thumbnail

New Zealand simplifies Road User Charges system, extends exemption for light electric motor vehicles from 2013 to 2020

Green Car Congress

Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fuel tax for road use would impose an unfair burden onto these sectors, the government says.). per cent is estimated to increase the total cost of truck operation by around 0.4%. tonnes or less.

article thumbnail

Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

Green Car Congress

They found that vehicle emission standards reduce CO 2 emissions from transportation by about 50 MtCO 2 and lower the oil expenditures by about €6 billion, but at a net added cost of €12 billion in 2020. This study, for the first time, quantifies the vast economic costs of that policy using a general equilibrium framework.

Standards 218
article thumbnail

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

BCG comparison of the CO 2 reduction potential and cost of different technologies. Conventional automotive technologies have significant emission-reduction potential, according to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020. Source: BCG. Click to enlarge.

article thumbnail

Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

The study— Analysis of Policies to Reduce Oil Consumption and Greenhouse-Gas Emissions from the US Transportation Sector —finds that reducing CO 2 emissions from the transportation sector 14% below 2005 levels by 2020 may require fuel prices above $8/gallon by 2020. Adoption of all of the preceding policies.

article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

Studies show that California will need 125,000 to 220,000 charging ports from private and public sources by 2020 in order to provide adequate infrastructure. Current trends suggest that barriers to EV adoption such as price, range, selection and charging-time will continue to diminish, as costs come down and technology improves.